A rigorous treatment of macroeconomics theory with applications to contemporary policy issues. The determination and distribution of output in the long run. Classical dichotomy and the neutrality of money. The determinants of economic growth. The various components of unemployment in the long run. The cause of unemployment in the long run. The measurement, problems and determinants of inflation in the long run. The deficit and debate over Government Debt. The Keynesian, life cycle and permanent income theory of consumption. The theory underlying investment spending. The theory of money supply and demand.
Prerequisite: ECON 195; and either MATH 114, MATH 115 or MATH 140 (Grades of C- or better)